Woodford interviewed by investigators probing fund collapse aol.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.co.uk Daily Mail and Mail on Sunday newspapers.
The City watchdog is set to update MPs today on its investigation into the downfall of Woodford Investment Management.
The Financial Conduct Authority (FCA) promised the Treasury Select Committee it would report on its progress by the end of this month.
It kicked off the probe in summer 2019, shortly after Neil Woodford’s flagship fund was shuttered, spelling the demise of his investment empire.
Probe: The Financial Conduct Authority launched an investigation in summer 2019, shortly after Neil Woodford’s flagship fund was shuttered
But two years later, nothing has been published – and MPs are putting pressure on the FCA to reach its conclusion.
Neil Woodford registers new firm in Cayman Islands - report
The decision to register in the Cayman Islands is the latest step in Woodford s attempt to come back from disgrace.
Disgraced stockpicker Neil Woodford has registered a new firm in the Cayman Islands as his bid to relaunch his career goes on.
According to CityWire, new firm WCM Partners, which Woodford announced two months ago, has been registered in the tax haven.
The move comes two months on from the start of the former star fund manager’s fall from grace, as Woodford Equity Income Fund was suspended with £3.7bn in savers’ money trapped inside.
Neil Woodford s Cayman move | Business | The Sunday Times thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Ian Russell
It is good to see the Canadian Investor Protection Fund (CIPF) board weigh in on the CSA’s review of self-regulation, given the CIPF’s integral role in the Canadian self-regulatory system. In its paper, the CIPF has restricted its comments to answering one key question: Should the CIPF remain as an independent body or should it be integrated into a future SRO?
The CIPF protects, within prescribed limits, client assets held by IIROC-registered firms in the event of a firm’s insolvency, in addition to managing the CIPF Fund for compensating client losses and administrating insolvencies of troubled IIROC firms. The CIPF coordinates closely with IIROC to ensure it obtains prompt notice from IIROC of a troubled situation possibly requiring compensation payments to clients through the CIPF Fund.